The Supreme Court on Friday stayed the National Company Law Appellate Tribunal’s December order that directed NBCC (India) to take over and complete all the 16 projects of debt-ridden real estate firm Supertech...
Nexus Select Trust to acquire Ludhiana mall, hotel for Rs 490 crore
The board of directors of Nexus Select Mall Management, manager to listed Real Estate Investment Trust (REIT) Nexus Select Trust has approved the acquisition of an operational mall and a hotel in Ludhiana for an...
Valor Estate plans business realignment with non-core divestment, hospitality demerger
Realty developer Valor Estate is undertaking a realignment of its business portfolio by divesting non-core assets, hiving off its hospitality business, and improving capital allocation for high-priority projects...
SC clears Equinox-Embassy merger, paving way for real estate consolidation
The Supreme Court of India on Monday dismissed an appeal challenging the merger of Equinox India Developments—formerly Indiabulls Real Estate Ltd.—with Embassy Group, effectively clearing the final legal hurdle for the...
NCLT recalls insolvency order against Logix Infra, cites ‘fraudulent and mala fide’ intentions
In a rare move, NCLT has recalled and set aside its own order directing insolvency proceedings against realty firm Logix Infrastructure in July 2023, saying the plea was initiated with “fraudulent and mala fide...
CCI approves Adani Group unit’s majority stake purchase in ITD Cementation India
The Competition Commission of India (CCI) has approved Adani Group entity Renew Exim DMCC’s acquisition of up to 72.64% stake in engineering firm ITD Cementation India, a deal, analysts have said, would further boost...
Lloyd Enterprises’ board OKs to acquire additional 12.25% stake in LICL
Lloyds Enterprises announced that its board has approved the acquisition of an additional 12.25% stake in Lloyds Infrastructure & Construction (LICL) for a total consideration of Rs 14.21 crore. The Lloyds...
Equinox India Developments completes merger of NAM Estates, creates one of the largest listed realty firm
Equinox India Developments Limited has successfully merged NAM Estates, an entity of the Embassy Group, with itself, creating one of the largest publicly listed real estate companies in the market. The Boards of both...
Adani Infra seeks CCI nod to buy stake in PSP projects
Adani Infra has sought the Competition Commission of India’s (CCI) clearance to pick up a stake in PSP Projects, further bolstering its construction capabilities, showed the company’s filing with the...
NDR InvIT acquires warehousing and industrial properties worth Rs 706 crore
NDR InvIT Trust, a prominent player in the infrastructure investment sector, has successfully acquired a Grade-A industrial and warehousing portfolio across markets like Surat, Hyderabad, Bengaluru, and Pune. This...
Dubai’s Emaar confirms stake sale talks with Adani Group for Indian ops
Emaar Properties, the leading real estate developer in Dubai, announced on Thursday that it is in talks with multiple Indian companies, including the Adani Group, about a potential stake sale in its Indian subsidiary...
Adani Realty in talks to takeover Emaar India to boost realty biz
Adani Group is in advanced talks with Dubai-based developer Emaar Group to acquire a majority stake in its Indian business for ₹4,000-5,000 crore, two people aware of the matter said. “It (the deal) will be for 70...
